Hungarian developer Wing built the 24,000 square-meter center and will lease it to Ericsson for a period of seven years. More than 1,700 of Ericsson Hungaryʼs 2,000 employees work at the site on the banks of the Danube, and over 1,400 of these staff are R&D-focused, noted Hungarian news agency MTI.

Ericsson also signed a memorandum of understanding with the Budapest University of Technology and Economics (BME) to extend a collaboration aimed at long-term close cooperation in education, research, and innovation.

"Ericsson has a strong commitment to Hungary. The continuous growth of the local R&D organization builds on excellent results achieved by Hungarian researchers and engineers, such as the development of Ericsson Expert Analytics, our real-time analytics solution," Ekholm said.

Orbán noted that Hungarians, as well as Swedes, had been pioneers in the telecommunications industry in Europe, citing Tivadar Puskás, the Hungarian inventor of the telephone exchange. He added that Ericsson was the first foreign investor in Hungaryʼs telecommunications industry, entering the market in 1911.

Related articles

Vodafone demonstrated the capabilities of Budapest’s first permanent 5G base station on Thursday with a video call between two 5G handsets and a car driven remotely via a 5G connection. The call was Hungary’s first 5G mobile connection on its own licensed frequency.

Vienna-based real estate investment firm S IMMO began 2019 with several large deals on the Budapest market, including the purchase of a nearly 9,000 square-meter plot where the company is preparing the development of a new office complex.

Government officials from the Czech Republic, Hungary, Poland and Slovakia (collectively the Visegrád Four, or V4 Group) signed a declaration on Tuesday to build a high-speed rail link between the four countries, Poland’s PAP news agency reported.

The Harvard Law School Association of Europe will hold its 2019 reunion in Budapest between May 30 and June 2, featuring visits to several of the Hungarian capitalʼs most famous sites, according to a press release sent to the Budapest Business Journal.

In the leaked video of the sting operation that caused his downfall at the weekend, Austrian far-right politician and now former vice-chancellor Heinz-Christian Strache said he wanted to build a media landscape in Austria like Viktor Orbán has done in Hungary, according to multiple international media reports.

Prime Minister Viktor Orbán urged U.S. President Donald Trump to work to establish cooperation with Romania in the interest of starting gas production in the Black Sea “as soon as possible” at their recent meeting at the White House, Orbán said in his weekly interview on public radio last Friday.

Prime Minister Viktor Orbán has refused to meet the three “wise men” sent by the European Peopleʼs Partyʼs (EPP) to investigate whether his governmentʼs operation conforms to the democratic values of the EPP, at least until after the European parliamentary elections, reported the online version of daily Népszava.

Efforts by the United States have reduced delivery costs of liquefied natural gas (LNG) to a terminal planned off the coast of Croatia, making the gas competitive with pipeline deliveries, the U.S. Ambassador to Hungary said in an interview with independent news website 444.hu.